Alpha and Omega Semiconductor (NASDAQ:AOSL) Trading Up 8.2% – Time to Buy?

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) shares were up 8.2% on Monday . The company traded as high as $41.78 and last traded at $41.78. Approximately 297,598 shares were traded during trading, a decline of 9% from the average daily volume of 326,676 shares. The stock had previously closed at $38.63.

Analysts Set New Price Targets

AOSL has been the topic of a number of research analyst reports. B. Riley dropped their target price on shares of Alpha and Omega Semiconductor from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus dropped their price objective on Alpha and Omega Semiconductor from $34.00 to $27.00 and set a “sell” rating on the stock in a research note on Wednesday, November 6th. StockNews.com upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Alpha and Omega Semiconductor in a report on Wednesday, November 6th.

Alpha and Omega Semiconductor Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.44 and a current ratio of 2.65. The firm’s fifty day moving average price is $37.71 and its 200 day moving average price is $37.64. The firm has a market cap of $1.13 billion, a P/E ratio of -58.00 and a beta of 2.48.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Alpha and Omega Semiconductor had a positive return on equity of 0.19% and a negative net margin of 2.94%. The company had revenue of $181.89 million for the quarter, compared to analysts’ expectations of $180.07 million. During the same quarter in the prior year, the company earned $0.30 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts expect that Alpha and Omega Semiconductor Limited will post -0.67 EPS for the current fiscal year.

Insider Activity at Alpha and Omega Semiconductor

In other news, EVP Bing Xue sold 875 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $41.00, for a total transaction of $35,875.00. Following the transaction, the executive vice president now directly owns 128,986 shares of the company’s stock, valued at approximately $5,288,426. This represents a 0.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lucas S. Chang sold 12,497 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $41.46, for a total value of $518,125.62. Following the sale, the director now owns 25,204 shares of the company’s stock, valued at approximately $1,044,957.84. This represents a 33.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,065 shares of company stock valued at $2,534,690 over the last quarter. 16.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

A number of large investors have recently modified their holdings of AOSL. Truvestments Capital LLC purchased a new position in shares of Alpha and Omega Semiconductor in the third quarter worth $45,000. Point72 DIFC Ltd purchased a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at about $47,000. Hollencrest Capital Management acquired a new position in shares of Alpha and Omega Semiconductor in the third quarter valued at about $56,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Alpha and Omega Semiconductor in the second quarter worth about $62,000. Finally, Farther Finance Advisors LLC boosted its position in Alpha and Omega Semiconductor by 10,937.5% in the third quarter. Farther Finance Advisors LLC now owns 1,766 shares of the semiconductor company’s stock valued at $66,000 after buying an additional 1,750 shares during the last quarter. Hedge funds and other institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.